Intraday Technical Outlook 29 September 2021 - Geojit Financial
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Gold LBMA Spot
Choppy with mild negative sentiments is likely but direct break of $1725 would trigger major liquation pressure in coming sessions.
Silver LBMA Spot
Break below $22 would extend liquidation pressure. A direct rise above $23.20 is needed to continue upticks for the day.
Crude Oil NYMEX
Bullish rallies to continue while prices stay above $71. Immediate reversal point is placed at $69.50.
Gold KG Oct
Liquidation pressure would continue if prices breaks the support of Rs 45700. Else, expect a choppy trading for the day.
Silver KG Dec
Inability to move past Rs 59000 there are chances of recovery momentum to continue the day
Crude Oil Oct
If the support of 5480 remain undisturbed expect recovery rallies. A direct drop below the same may extend selloffs.
Natural Gas Oct
Choppy with positive sentient is likely as long as prices stay above 380. A close below 342 is a sign of weakness.
Copper Oct
Range bound trading inside 704-724 levels are expected initially and breaking any of the sides would suggest fresh direction for the commodity.
Nickel Oct
A direct lift above 1472 may extend rallies. Else, there are chances of corrective selling for the day
Zinc Oct
While prices stay above 257 bullish outlook would continue in the counter. A close below the same is a weak signal.
Lead Oct
Break above 185.50 can extend upticks. Else, there are chances of choppy trading for the day.
Aluminium Oct
Further rallies can be seen only a break of 234. Else, there are chances of liquidation pressure.
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